News

Fri, 01 Feb 2019 20:52:22 GMT

Deutsche Bank reports first full year profit since 2014

Deutsche Bank reported a net profit of €341M in 2018, the first annual net profit since 2014, the Chief Executive Officer Christian Sewing says.

Fri, 01 Feb 2019 19:47:06 GMT

Lebanon IT minister to introduce e-government

The priority of Lebanon's IT Ministry is to create an electronic government, the Minister of State for Information Technology Affairs Adel Afiouni says.

Fri, 01 Feb 2019 19:46:04 GMT

Britain to re-establish relations with partners after Brexit

Britain plans to promote free trade and re-establish relations with existing partners after Brexit, the British Foreign Secretary Jeremy Hunt says.

Fri, 01 Feb 2019 19:35:14 GMT

Italy enters recession

The Italian economy entered into recession in the last quarter of 2018, the Italian National Institute of Statistics reports.

Fri, 01 Feb 2019 19:34:37 GMT

UK manufacturers increase stockpiles ahead of Brexit

British manufactures increase inventories at a record pace to safeguard against potential supply chain disruptions after Brexit.

Fri, 01 Feb 2019 17:48:05 GMT

Russia fines Google $7,600

Russia's telecommunications watchdog Roskomnadzor fined Google $7,600 for failing to delete search links to the banned information.

Fri, 01 Feb 2019 17:47:26 GMT

US unemployment rises to 4% in January

The US unemployment rate increased to 4% despite a fact that the economy added 304,000 jobs in January, the Bureau of Labour Statistics reports.

Fri, 01 Feb 2019 17:15:36 GMT

US withdraws from nuke treaty with Russia

The US withdraws from a long standing nuclear arms control treaty with Russia, the US Secretary of State Mike Pompeo says, citing Russia's violation of the deal.

Fri, 01 Feb 2019 17:14:44 GMT

Bhutan to strengthen cooperation with China

Bhutan wants to strengthen cooperation with China and resolve the border dispute, the Bhutanese Prime Minister Lotay Tshering says.

Fri, 01 Feb 2019 16:05:24 GMT

Oil prices edge higher on Friday

On Friday, crude oil prices gained about 1.5%, lifted by signs that China and the United States could soon settle their trade war.

Fri, 01 Feb 2019 16:04:02 GMT

S&P 500 reaches eight-week high on US job report

On Friday, S&P 500 reached an eight-week high after better-than-expected US job growth eased worries about a slowdown.

Fri, 01 Feb 2019 15:33:08 GMT

Amazon sales sees Q1 sales below estimates

Amazon.com forecast its Q1 sales to fall short of expectations, after hitting the record in the holiday quarter, and sending its shares down 5% to $1,635.

Fri, 01 Feb 2019 15:30:06 GMT

Ex-Australian lawmaker retires from Huawei unit's board

An ex-Australian lawmaker has retired from the Huawei Technologies' local unit on Friday, a move that could potentially weaken the company's efforts to deal with the market access restriction issues.

Fri, 01 Feb 2019 13:37:52 GMT

Germany's Symrise plans pet food activities expansion

Germany's Symrise stated it was set to expand its pet food activities in the $900M purchase of the provider of pet food ingredient, ADF/IDF.

Fri, 01 Feb 2019 13:27:30 GMT

Go-Jek attracts $1.0B in Tencent, Google, JD-led round

Indonesia's ride-hailing firm Go-Jek raised about $1.0B in its round of funding, led by Tencent Holdings, JD.com and Alphabet's Google, sources with a knowledge of the matter reported on Friday.

Fri, 01 Feb 2019 11:39:24 GMT

FACC seeks independence from suppliers with M&As

Austria's aeroplane parts developer FACC stated it would seek to become more independent from suppliers by spending $572M in acquisitions, as well as add new technologies and boost its core business.

Fri, 01 Feb 2019 10:18:04 GMT

SSE plans stake sale in Scottish wind farms

The UK energy supplier SSE agreed on selling almost half of the stake in the Scottish wind farms, Dunmaglass and Stronelairg, to Greencoat UK Wind, the renewables fund, and British pension fund for £635M.

Fri, 01 Feb 2019 10:05:49 GMT

Fortum lifts Uniper stake to 49.99%

On Friday, the Finnish largest utility Fortum it had increased its stake in the German energy firm Uniper to 49.99%, while also posting a jump in its Q4 comparable operating profit.

Fri, 01 Feb 2019 09:38:24 GMT

Blue Origin, Telesat tie up over constellation launch

Blue Origin, Jeff Bezos' rocket firm, has clinched an agreement with the Canadian firm Telesat over launching the satellite constellation's part, which provides speedy internet access to businesses and government globally.

Fri, 01 Feb 2019 09:33:09 GMT

Emirates, China Southern Airlines sign codeshare accord

On Friday, China Southern Airlines stated it had inked a MoU with the Gulf airline Emirates for the codesharing agreement that covered 18 routes and would come into force on March 31.

Fri, 01 Feb 2019 08:25:45 GMT

Venezuela's Citgo denies potential bankruptcy

The Venezuela PDVSA-owned US refiner Citgo denied a Thursday's report claiming the firm was weighting to file for bankruptcy in the US amid dispute between Venezuela's leftist government and the President Donald Trump.

Fri, 01 Feb 2019 08:22:06 GMT

UK's WorldFirst shuts US operations

WorldFirst, the UK currency exchange start-up, will shut down its US operations to avoid a possible regulatory hurdle for the planned takeover by the Chinese fintech group Ant Financial Services, the FT reported on Friday.

Fri, 01 Feb 2019 07:25:45 GMT

Jet Airways agrees to Etihad's bailout terms

Jet Airways accepted the most of Etihad Airways' bailout conditions, sending Jet's shares up as much as 18% on Friday, according to the Business Standard.

Fri, 01 Feb 2019 07:22:58 GMT

LafargeHolcim finalises $1.75B sale of Indonesia unit

The cement maker LafargeHolcim announced on Friday it had finalised the sale of an Indonesian unit in a deal that valued the company at $1.75B.

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